Dallas, TX
Dallas County · Pop. 1,288,457
Ranked #95 of 243 cities
44Moderate
Median Home Price
🏠$350K
2.8% YoY
Median Rent
🔑$1,500
2.0% YoY
Median Income
💰$58K
Rent Burden
📊32.5%
% of income to rent
Income to Buy
🏦$101K
annual income needed
Income to Rent
📝$60K
annual income needed
Price-to-Income
⚖️6.0x
Homeownership
🏡42.0%
Rent vs. Buy
Buy
$1,863/mo
Est. mortgage (7%, 20% down)
Need $101K/yr income
Rent
$1,500/mo
Median rent
Need $60K/yr income
How Dallas Compares
| Metric | Dallas | Texas | National |
|---|---|---|---|
| Home Price | $350K | $297K | $410K |
| Rent | $1,500 | $1,413 | $1,500 |
| Income | $58K | $76K | $75K |
| Rent Burden | 32.5% | 32.0% | 30.0% |
Key Takeaways
- • Home prices in Dallas are 15% lower than the national average.
- • Rent is about average than the national average.
- • You need an income of $101K to comfortably buy a home here.
- • The homeownership rate is 42.0%, compared to 65.0% nationally.